Fed survey points to increased funding demand for equities
Tweet
Share
E-mail
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
WASHINGTON (Reuters) - A rising share of big Wall Street firms surveyed by the Federal Reserve said there has been an increase in funding demand for equities, the U.S. central bank said on Thursday.
The Fed said it surveyed 23 big financial institutions between May 14 and May 31, asking them about financial market conditions between March and May.
Financial markets swooned throughout May as investors worried about the prospects of an intensifying trade war between the United States and China.
"In contrast to the trend over the previous four quarters, one-fifth of dealers, on net, indicated an increase in funding demand for equities," the Fed said.
(Reporting by Jason Lange; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reaction roundup: Experts, analysts weigh in on September jobs report
- Lennar stock falls after Hunterbrook raises concerns
- Fed's Goolsbee says rate hike and pause both 'on the table'
Create E-mail Alert Related Categories
Fed, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
